Aberdeen's Hemmings joins AIC board as F&C's Tigue departs

Aberdeen Asset Management's William Hemmings, head of closed-ended funds at the group, has joined the Association of Investment Companies (AIC) board.

He replaces F&C Investments' Jeremy Tigue (pictured), who has retired from the board after a nine year tenure. "I am very pleased to join the AIC board, at a time of significant change for closed-end funds. There are undoubtedly significant opportunities ahead as we broaden the shareholder base of the sector but, at the same time, investment companies face considerable regulatory challenges," he said. "I hope that my experience will contribute to the AIC's efforts during this exciting period." In October the AIC announced Witan's Andrew Bell has been appointed the new chairman of t...